Bitcoin Sports Betting February 2018

People love to have a bet on their favourite sporting event. More people than ever before are having a bet on sporting events thanks to the rise in online betting sites and apps. This introduction changed the way that betting looked forever. It’s now possible to place a bet on a score, a result or some other aspect of the game all the way through instead of having to bet before it began.

With the introduction of virtual currencies, the betting game has changed again. Now you’ll be able to place a bet with cryptocurrencies as well as everyday FIAT currencies. It’s easy to do, completely legal, and the currency can increase dramatically in value very quickly.

Bitcoin sports betting is being accepted more and more by bookmakers that had never even heard of it a few years ago. This is thanks, in part, to its rapid rise to fame. The stratospheric increase in value of Bitcoin in the past few years means that there has been a steady increase in people jumping on the bandwagon.

This includes the online bookies sites. The potential returns for winning with Bitcoins are enough to make anyone seriously consider it. By placing a bet with Bitcoins, you could win more than you bargained for if the value of the currency suddenly spikes, which it has a habit of doing.

Best Bitcoin Gambling Sites

The best Bitcoin gambling sites are those that look after you. Although using this cryptocurrency is as safe to use as regular forms of payment like PayPal sport betting it still pays to be security conscious. It can be deposited and withdrawn just the same as FIAT money, but you need to make sure that your Bitcoin wallet is secured.

If your Bitcoin wallet is unsecured then it’s the same as losing a real wallet – once the money has gone, it’s gone for good. That’s why finding a bookmaker that puts your security first is a must.

A good bitcoin gambling site will be as secure as possible and offer customers help if they need it. You can help matters immensely by using a secure wallet.

Although you may be paying in Bitcoins, the variety of sports that you can bet on is unchanged. You can find many different betting tips online to help you when placing your bets.

If sports aren’t your thing then there are plenty of other slot sites with Bitcoin and casino tables too, all accepting cryptocurrency as a payment method.

Bitcoin Gambling UK

Bitcoin gambling in the UK is perfectly legal. Because the money is owned by the people that are using it, it is not subject to regulation from any bank or treasury. It is also extremely safe as no personal details are included with the transaction, just the ‘address’ of your Bitcoin wallet.

Of course, this can come in handy when you are placing bets. Bitcoin sports betting allows you to place a bet anonymously but securely. Transactions are quick and easy and fees are virtually non existent. As long as your bookmaker site is encrypted then your data and money are completely secure.

Sportsbooks that Accept Bitcoin

At the time of writing there are a number of sportsbooks that accept Bitcoin and that will surely rise quickly. Sites such as Betcoin Sports, Bovada, Bet Online and Fairlay are currently the most popular for Bitcoin sports betting.

All of these companies are regulated by the Gambling Commission for many activities such as football match bets and more. This is a big plus for these sites, because although the currency may be virtual, the rules and regulations controlling them are definitely not.

This gives you peace of mind that when you place your bets it is under control by the proper jurisdiction.

Bitcoin Sportsbook Bonus

Bitcoin sportsbook bonuses are designed to entice you into setting up an account with a particular bookie. Because this is a relatively new method of payment and there are many people who don’t know much about it, these bonuses can be extremely tempting.

To attract patrons who aren’t too sure about the validity of the cryptocurrency, the bonuses tend to be better than conventional sportsbook sites. Here are just some of the welcome bonuses on offer from Bitcoin sports betting sites:

Free bets

Money on top of your first bet

Double your odds

Cash bonuses

Deposit x amount and get x amount free

Of course, bonuses will vary between different sportsbook makers and you should always check the terms and conditions. It’s definitely worth looking around the various different sites as their bonus offers are changing all the time to keep up with the competition. Take a look at some of the Bitcoin casino sites as well if you’re interested in these different games.

How to Bet with Bitcoin

Once you’ve decided to take the plunge and see what all the fuss is about you’re going to need to know how to place a bet with Bitcoin.

The first thing you need is a Bitcoin wallet. Because all transactions are anonymous and the currency is virtual, your wallet acts as your address. Your address has two parts, one to give to the person you are sending or receiving money from, and the second part is your password.

Once you have your Bitcoins, find a bookmaker that accepts it as payment that you want to place your bet with. Set up an account with them as you would do with any online sportsbook and deposit the amount you wish to have in your account.

That’s all there is to it. You can now place your bets as you would with a regular currency. To withdraw funds, just request a payment back to your own wallet. Then either keep the funds in that wallet or you can withdraw them to your regular bank account.

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